Mauritius is a growing offshore business hub with a strong corporate market. If you want to start a brokerage business in Mauritius, you’ll need a Forex broker license.
This will allow you to work in a stable environment with good taxes and plenty of growth opportunities. Alparanjo will support you through the entire licensing process, ensuring a quick and easy result.
Get professional help to get a Forex license in Mauritius with a complete, ready-to-use solution.
The Mauritius Financial Services Authority offers different types of Forex licenses
depending on the business needs.
These licenses let companies access various financial activities.
Here are the main types of Forex licenses in Mauritius:
Allows companies to create forex trading platforms and offer trading services.
Allows you to offer investment advice, market analysis, and trading strategy recommendations.
Allows for a wider range of financial services, including forex trading and investment management.
Mauritius is a respected financial center with clear and fair regulations.
The country has modern telecom and banking services.
The financial sector is growing fast.
The Financial Services Commission (FSC) offers helpful support for licensed companies.
Company confidentiality is protected by law.
Low capital requirements (from $18,000) for a forex license.
0% tax for foreign forex companies not based in Mauritius.
Low corporate tax for offshore companies (3%).
The government has signed over 30 agreements to avoid double taxation.
No currency control.
Companies can be managed remotely.
Fast company registration (3-4 weeks).
Forex licenses are usually issued in about 3 months.
Getting a forex license in Mauritius is not too difficult, but there are certain steps you need
to follow.
The process is managed by the Financial Services Commission (FSC). Here’s a
simple breakdown:
Choose a company name.
Get passport copies of all shareholders and directors.
Provide proof of address (utility bill) for all shareholders and directors.
Write a short business plan (1-2 pages).
Create a company structure chart.
Register the company.
Prepare corporate documents.
Hire an MLRO, DMLRO, and 2 local directors.
Appoint a registered office and company secretary.
Prepare the license application.
Draft the AML/KYC policy.
Submit the application to the FSC
Communicate with the FSC until the license is approved.
Find the best bank or EMI that suits the company's needs.
Gather documents from the client (source of funds, purpose of account, partners, company website, etc.).
Help the company through the account opening process.
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Mauritius is a good place for brokers who want to lower their taxes because the island offers low tax rates. The Income Tax Act of 1995 sets a corporate tax rate of 15%, but for offshore companies, this drops to 3%, making Mauritius even more attractive.
Besides the low tax rate, Mauritius gives other benefits, like:
Brokers must follow local tax rules, file tax returns on time, and pay taxes on time. If they don’t, they could face fines, interest, and penalties.
To get a Global Business License (GBL1), a company must prove to the FSC that it operates outside Mauritius. A GBL1 company deals in international business and often uses currencies other than the Mauritian rupee.
The Mauritius Financial Services Commission (FSC), started in 2001, oversees non-banking financial services and international business. The FSC licenses, regulates, and monitors these businesses. They work to stop crime and protect public investments, ensuring the stability of Mauritius's financial system.
Forex trading in Mauritius is controlled by three main laws:
A company that wants to offer financial services and Forex trading must also have a brokerage license. This allows them to trade different currencies and work with precious metals like gold and silver.
